Tokio Marine Motor Insurance

Motor insurance is availed in order to provide coverage for cars, trucks, motorcycles, etc. against any form of loss, damage and/or bodily injury resulting from traffic collisions or against third party legal liability that may arise due to any accidents. Vehicle insurance also offers protection in case of theft or any damage to the vehicle which is sustained from events other than traffic collisions.

Overview: Tokio Marine Motor Insurance - Singapore

Tokio Marine is an insurance company that was incorporated in Japan in 1879. Tokio Marine Holdings was initially known as Millea Group and it got its current name in 2008. It is headquartered in Tokyo and has branches in 486 cities in 37 countries. Tokio Marine Asia offers a comprehensive range of life insurance and general insurance products in the region. It has a strong presence in Singapore, Hong Kong, Indonesia, Australia, India, Philippines, Thailand, Malaysia, Taiwan, Vietnam and China. In 1977 the Tokio Marine and Fire Insurance Company Pte. Limited was established in Singapore.

Tokio Marine Motor Insurance covers accidental loss or damage to your vehicle and your legal liability to a third-party (including passenger) injury and property damage. It also offers best deals and privileges such as. It offers free protection against flood, windstorm, riots, strikes and civil uprisings and also offers unlimited windscreen cover of $100 for every claim.

Tokio Marine Coverage Plans

Tokio Marine offers its customers 3 types of motor insurance plans:

Comprehensive Plan

Third Party, Fire and Theft Plan

Third Party Plan

Tokio Marine Comprehensive Plan

Cover loss or damage to your vehicle and your legal liability to third party (including passengers) injury and property damage.

Offers unlimited windscreen cover

Covers passenger legal liability to third party which is caused due to negligent acts of your passenger(s).

Provides personal accident cover up to $50,000.

Also offers medical cover of for the insured, his/her driver as well as passenger(s) up to $1,000 each for every accident.

In order to claim your insurance, accident repairs have to be done in any of the company approved workshops unless the vehicle is still under manufacturer's warranty. However, even under the manufacturer's warranty, the insured must still get their windscreen replaced at one of the approved workshops.

When the windscreen is being replaced at an approved workshop, limit is not imposed on the costs of replacement and it will also not affect the No Claim Discount (NCD).

Excess for the first accident in the policy year will be waived, during repair at an approved workshop, if the insured has 40% or above of NCD. However, this is applicable only if the vehicle was driven by you or an authorized driver when the accident occurred.

Tokio Marine Third Party, Fire & Theft Plan

Loss or damage to your vehicle which is caused due to fire or theft, as well as legal liability to any property damage or injury to third party, is covered under this plan.

Tokio Marine Third Party Plan

Third party injury or property damage that leads to a legal liability to the insured, is covered under this plan.